Why TMC The Metals Company Rallied 29% Today
Shares of TMC The Metals Company (NASDAQ: TMC) rallied more than 29% on Monday as of market close.
TMC garnered attention back in May when The Wall Street Journal highlighted the company's opportunity to mine the sea floor in the Pacific Ocean, after the Trump administration directed the National Oceanic and Atmospheric Administration (NOAA) to grant permits opening up those areas for development.
Today, TMC got a significant equity investment from a Korean refining company, seemingly validating the company's opportunity.
Source Fool.com
